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We are making money what Charles Payne and he is here to tell us what you should look for in the trading volume.
Of a specific -- especially when it spikes mr.
Cha yeah you know what does billion welcome back by the way.
You know as a lot of people watch the market they're looking for something to Bonnie wanna make a quick profit for me I'm telling you I know we've got a million rules -- thousand lost -- Scott -- from Goldman -- is -- -- tell.
But 90% of news -- -- news from anywhere ranging from an an upgrade on a stock.
Took a takeovers this morning they're two gigantic takeovers in that -- money wise but percentage wise.
And both of these things the town was still last week.
Cell Brightpoint taken over gigantic premium.
If you look at this chart from the last few days of last week the volume was astronomical.
But here's the thing.
Who's gonna buy this stock in other -- ask yourself -- who's buying that while the volume -- it wasn't novice investors you know -- -- -- mop paws around the country to get together -- you know what I don't like that Albright -- -- -- -- These are Smart in -- know people who bought this.
On June 27 I get an email link care takeover rumors -- look at the volume was fantastic that they actually had good news today this the other take over today.
Again taken over once again -- -- was there.
Lots of volume big spike in volume and -- -- is -- sentencing on a couple fronts I watch volume as a way to make money for these kind of traits but also.
I just think in this world where we.
You know we -- people to prison for a long time it feels really weird because so many things in my mind -- -- -- -- the regulators cracking down on this Charles River methane.
A perfectly legal money mess you got returning everywhere they're using volume as -- indicated.
You're right you're right about that but it also tells you that you know what in life it's I think it's hard to keep these kind of things ultimately secret you know we hear leaks anywhere from the White House -- was -- birthday parties you know somebody your family -- friend accidentally left to slip.
I it I don't know how legally can say we want to keep all of this information and the only person I thought I'd give him credit who's really great to hold this up went any -- that I've ever really seen as Warren Buffett.
Other than that almost any time until -- done.
Look at the options activity look at the volume so just want to block people out there who you know try to trade the market that's one of the -- kid at a painting some people -- yeah.
Sure perhaps -- yeah right we could definitely wanted to do -- -- maybe I.
Didn't get a -- you know differently fantastic thank.
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